Infratil Limited (OTCMKTS:IFUUF) Sees Significant Decline in Short Interest

Infratil Limited (OTCMKTS:IFUUF) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 1,462,491 shares, a drop of 35.3% from the August 15th total of 2,259,623 shares. Based on an average daily trading volume, of 354 shares, the days-to-cover ratio is presently 4,131.3 days.

Infratil Stock Performance

Shares of Infratil stock remained flat at $8.10 during trading on Friday. Infratil has a twelve month low of $6.31 and a twelve month high of $9.65. The business has a 50-day simple moving average of $9.00 and a two-hundred day simple moving average of $8.28.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group assumed coverage on Infratil in a research note on Sunday, June 21st. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Infratil Company Profile

Infratil Limited is an infrastructure investment firm specializing in digital Infrastructure, renewables, and social infrastructure. They prefer to invest in renewable electricity, data centers, telecommunications networks healthcare, and airports. It invests around the world. Infratil Limited was incorporated in 1994 and is based in Wellington, New Zealand.